Airbnb Ireland allocates nearly €1bn to deal with tax investigations

The Irish unit of online accommodation rental service, Airbnb has set aside $1.002 billion (€950 million) to deal with tax investigations across the countries the company and its subsidiaries operate in.

This is revealed in new accounts filed by the Dublin-based Airbnb Ireland UC which show that operating profits last year increased by 24 per cent to $118,750,000 (€112,318,218).

The unit generates substantially all of its revenues from facilitating guest stays at accommodations offered by hosts on Airbnb’s online marketplace for users outside of the United States.

The accounts for Airbnb Ireland UC show that operating profits increased after revenues surged by $909,000,000 (€859,979,410) from $4.199 billion to $5.1 billion (€4.8 billion) last year.

The $5.1 billion revenues generated by the Dublin-based unit represent 51 per cent of the firm’s global revenues of $9.9 billion in 2023.

The Irish unit owns Airbnb’s Italian subsidiary and last December, Airbnb Ireland UC…

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